The motion human machine interface market will grow at a CAGR of more than 10% during 2017-2023
Arizton’s recent market research report on the human machine interface market identifies Schneider Electric, Rockwell Automation Inc., Siemens AG, Mitsubishi Electric Corp., and Omron Corp as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by technology (optical, acoustic, bionic, tactile, and motion), by configuration (standalone and embedded), by interface (software and hardware), by end-user (automotive, chemicals & petrochemical, mining & metallurgy, paper, packaging, & printing, food & beverage, healthcare, oil & gas, and others), and by geography (North America, Europe, APAC, Latin America, and MEA).
The human machine interface market is anticipated to reach revenues of more than $8 billion by 2023, growing at a CAGR of over 9% during 2017-2023.
The human machine interface market is divided into five major segments that include by technology, configuration, interface, end-user, and geography.
Motion HMI segment to grow at the fastest CAGR in the human machine interface market during the forecast period
The human machine interface market by technology is classified into optical, acoustic, bionic, tactile, and motion. The motion HMI segment was the fastest growing sector in the global market, at a CAGR of more than 10% during the forecast period. The motion technology implemented in the market can detect motions, gyroscopes, and accelerometers. The integration of sensors with hardware enables devices to detect motion. The launch of advanced motion sensing technology will help vendors boost revenues in the global human machine interface market. One such invention is wii controller, which has sensor fusions and infrared sensors that are used together with an accelerometer to detect motion. Some of the optic based motion devices can detect bodily motion using bionics and acoustic technology. The focus on the improvement and expansion of this technology will augment the development of the human machine interface market. For instance, cars, TVs, mobile phones, game consoles, and even computers are all likely to have some form of motion integrated into them in the future.
Software segment to grow at a significant CAGR in the human machine interface market during the forecast period
The interface segment in the human machine interface market is categorized into software and hardware. The software segment dominated the second largest market share in 2017, growing at a CAGR of around 10% during the forecast period. HMI software provides operators to manage industrial and process control machinery through Graphical User Interface (GUI). The development of innovative software solutions that help control and offer data acquisitions of SCADA applications in the human machine interface market. SCADA is a process control application which collects the data from the sensors and transfers the information to a central computer for processing. HMI software is designed on either supervisory level or machine level. This software has high installation costs, however, helps eliminate redundancies and reduce long-term costs associated in factories and industries in the market. Some of the HMI Software also provides alarms, forecasting, data logging, operations planning and control (OPC), security and ActiveX technologies and others support data migration from legacy systems. The development of HMI software for mobile and portable platforms will result in the transformation of human machine interface market.
APAC to grow at a considerable CAGR in the human machine interface market during the forecast period
The human machine interface market by geography is segmented into North America, Europe, APAC, Latin America, and MEA. APAC occupied the third largest market share in 2017, growing at a CAGR of around 10% during the forecast period. The rapid increase in consumption size and purchasing power is augmenting the growth of the APAC region in the global market. The increasing focus on energy efficiency and environment-friendliness and their implementation at homes and workplaces is propelling the demand for technology-enabled control systems in the APAC market. The development of automated security and access control solutions will drive the growth of the APAC human machine interface market. The establishment of automotive R&D and manufacturing facilities across China, South Korea, India, Vietnam, and Thailand will drive the need for innovative systems in the market. The enhanced demand for social infrastructure from hospitals, and senior care centers will augment the growth of the APAC human machine interface market.
The other prominent players in the human machine interface market are ABB Ltd., General Electric, Toshiba, Kontron AG, Honeywell International Inc., Panasonic Corp., Bosch Rexroth, Eaton Corp., Emerson Electric Co., and Yokogawa Electric Corp.
The complete overview of the latest market research report on human machine interface market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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